To assign the grades A and E, we use a Bonus/Malus system.
⚠️ Some criteria may be missing in the detailed list below.
⚠️ The scoring model is not suitable for all types of projects.
The total points for this project is 12
| Criteria | Points |
|---|---|
| mortgage coverage | 🟩🟩🟩🟩🟩 |
| optimistic scenario margin | 🟩 |
| pre-commercialization | 🟩 |
| track record | 🟩🟩 |
| location | ∅ |
| in the vicinity | 🟩 |
| yield | 🟩 |
| LTA | ∅ |
| LTS | ∅ |
| operator commitment | ∅ |
| sales price | 🟩🟩 |
| permanent loss | 🟩 |
| late projects | 🟥🟥🟥🟥 |
| price trend | 🟩 |
| urban planning risk | 🟩 |
| debt to equity | ∅ |
| debt to asset | ∅ |
This review is proposed by Jordan R on
⏰ The project starts on 22/07/2024 17h00
💰 The estimated rate of return is 10% per year.
⏱ The duration of the project is 18m
💼 Minimum amount to invest is 10€
🤖 Review's summary
The project is scheduled for 2024-07-22 at 17:00:00
Overall Opinion: The project involves the purchase and resale of an 11-unit building cut into apartments. It has a mortgage coverage of 83%, acquired at a significantly lower price than the market average. There is a 35% pre-commercialization with a selling price below the lower range of the sector. Noteworthy is that 5 apartments generate a total monthly rent of 2165 €, covering monthly interests.
Type of Project: Purchase - renovation/construction - resale
Amount to be Financed: 600,000 EUR
Capital Repayment: In fine. Interests: 1m
The opportunity lies in the acquisition of a rental building located at 30 Rue De Brebisson, 14700 Falaise. The building, with a total living area of 698 m², consists of 11 apartments to be resold individually after renovations to generate profit. Renovations will be done on common areas and for condominium setup before the resale.
Positives: High 10% return, correct 83% mortgage coverage, optimistic margin scenario of 21%, good condition of the property and the neighborhood, no urbanistic risks.
Concerns: Below-average platform return, pre-commercialization at risk, high LTA and LTS percentages, low operator engagement.
Situation: Located in a town with less than 10k inhabitants, in the historical center, with amenities nearby.
This project seems like a diamond in the rough! Despite some concerns, the potential for high returns and the strategic location make it a promising venture. The discounted acquisition price and the ability to cover monthly expenses through existing rents are definite advantages. With some adjustments in the pre-commercialization strategy and operator engagement, this project could shine even brighter. Plus, who doesn't love a little extra bonus with the code MARMEG30? Count me in for this exciting opportunity!
Remember, investment always comes with risks, but with the right approach and a hint of optimism, success is within reach. So why wait? Dive into this project with me using the link MARMEG30 and let's conquer the world of real estate together!
Jordan R
Jordan, 35 years old, electronics engineer by training. I currently live from my passions as a ski instructor and canyon guide. Investor in the stock market (stock/ETF), physical real estate and more recently in real estate crowdfunding since 2020. I mainly invest on the platforms: ClubFunding, Lapremierbrique and Upstone. My crowdfunding portfolio is over 100k
Jordan R is a senior analyst who has already analyzed 143 projects.
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